The Post-Trade Distributed Ledger (PTDL) Group, which consists of banks, clearing houses and exchanges, has announced the appointment of three external advisers. Ernst & Young (EY) will provide general consultancy around Blockchain and distributed ledger technology, Norton Rose Fulbright will advise on legal and regulatory issues affecting PTDL Group and Citigate Dewe Rogerson will assist with public relations activity.

Thirty seven post-trade financial institutions and market infrastructure companies are also now members. PTDL has also announced that its organising committee will be made up of representatives from CME Group, State Street, HSBC, UniCredit, Euroclear and London Stock Exchange Group.

Sandra Ro, Executive Director, Digitisation Lead, CME Group and organising committee member of PTDL Group, says: “The potential impact of Blockchain and distributed ledger technology on the post-trade industry is huge, and as with all pioneering developments, there is great excitement but also uncertainty. Through PTDL Group, we are connecting post trade practitioners, regulated exchanges, regulators and central banks on this issue to see how best it could benefit the post-trade industry. However, in order to do this effectively, we need external partners with specific specialisms, and we are delighted to be working with EY, Norton Rose Fulbright and Citigate Dewe Rogerson.”

By Scott Thompson

by Scott Thompson
Scott is Senior Editor at IBS Intelligence. You can follow him on Twitter and contact him at: Scott.Thompson@ibsintelligence.com
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